Advised on Sale of CompanyAutomotive
BU Body Panel Göppingen/ Weingarten has been acquired by
Schuler AG, one of the world's largest manufacturers of presses, has sold its tool & die business unit Body Panel to Accursia Capital and Navigator Capital. The business unit with locations in Göppingen and Weingarten was separated from Schuler Pressen GmbH and transferred to a new company along with its approx. 200 employees as part of a corporate carve-out (asset deal). With this transaction, Schuler continues on its path to focus on core businesses.
The business unit will be operated as Cartec Tooling GmbH under the umbrella of the holding company Deutsche Werkzeugbau (DWB). DWB already owns Gebr. RathWerkzeugbau in Kreuztal, Germany, which the investor group acquired from Linde+Wiemann in 2018. Cartec complements the group’s product range, with Gebr. RathWerkzeugbau specializing in high-strength structure parts for passenger cars, commercial and off-highway vehicles as well as non-automotive applications.
Headquartered in Munich, Germany, the buyers are experienced special situation investors with a number of transactions and corporate spin-offs on record. The vision of the investor group is the long-term development and expansion of an international industrial business with a focus on the manufacturing sector.
The business unit Body Panel is one of the leading specialists in Germany for the design and manufacturing of body panel tools and dies for outer skin car panels and body-in-white parts. Customers include most German automotive OEMs as well as a number of Tier-1 suppliers.
IMAP M&A Consultants AG advised Schuler AG on a competitive disposal and carve-out process.